Deal Is Done: Disney Sells Miramax To Ron Tutor & Colony Capital For $660M


Back on July 8th I was the first to tell you that construction magnate Ron Tutor and Tom Barrack's Santa Monica-based Colony Capital led by former Disney CFO Richard Nanulahad joined together to negotiate the acquisition of Miramax from Disney. And so that deal finally gets done tonight after so many frustrating and annoying stops and starts, and bidders and runners-up. (Announcement below.) Still, this was relativity speedy considering that Colony Capital only a month ago entered the deal as a big equity provider matching Tutor's equity of several hundred million dollars.

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